Santander InnoVentures, Oliver Wyman and Anthemis Group have today published “The Fintech 2.0 Paper: Rebooting financial services.” The paper is presented as “a call to action to banks, financial institutions and financial technology (fintech) businesses to work together to undertake a fundamental ‘reboot’ of the core processes, systems and infrastructure of the banking industry.” “The research underpinning the paper has identified several markets with huge potential,” said Emmet Rennick, head of innovation at Oliver Wyman. “In these areas banks can realize efficiencies, customers benefit from better services and [fintech startups] can grow their businesses.” According to Andrew Veitch, Director of Anthemis Group, “the greatest opportunity in the industry lies at the meeting point of large financial institutions and young, ambitious […]
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